Daily News Roundup - Nov 5 2009

RIL gets two weeks to amend plea in NTPC dispute. (ET)

RIL has entered into an initial agreement to buy crude oil from Cairn India’s Rajasthan fields. (ET)

Tata Steel cuts prices of flat products by 4%. (BS)

Corus, a Tata Steel subsidiary to operate at full capacity by end of the current fiscal. (BS)

Finance Ministry has asked RBI to consider ADAG ECB plea. (ET)

IOC, BPCL and HPCL may get oil bonds by year-end. (ET)

Tata Motors plans to build as many as 25,000 Jaguar XJ luxury cars per annum starting from next quarter. (BS)

The US$500mn JV between Nissan and Ashok Leyland is witnessing a massive scale down. (ET)

Tata Communication enters SaaS market through a tie-up with SugarCRM. (FE)

Power Grid to raise Rs30bn by January 2010 through bonds. (BS)

IVRCL Infra, in JV with Unity Projects has bagged an order worth Rs11.4bn. (FE)

L&T Info is in talks to acquire a majority shareholding in Patni Computers. (FE)

Kingfisher and BPCL have resolved the dispute on the formers outstanding of Rs3.4bn. (ET)

Godrej Consumer is eyeing a global acquisition and has earmarked a budget of Rs10bn. (ET)

PVR Cinemas to release twilight series in India. (ET)

IL&FS scouts for overseas acquisition. (ET)

TVS Shriram Growth Fund has picked up close to 25% stake in Landmark, a subsidiary of Trent. (BL)

DoT seeks fast track approval to slash the annual license fee by up to a third for telecom operators. (ET)

Food and Agriculture minister says, sugar mills must pay gap between FRP and SAP. (ET)

Indian telecom subscriber base crossed 500mn mark at the end of September 2009, taking overall tele-density to 43.5%. (BS)

Truck sales accelerate 50% yoy in October 2009. (FE)